MONEY & BANKING
REGIONAL RURAL BANKS
Ram Info bags grameena bank order
Ram Informatics Ltd has informed the Bombay Stock Exchange that the company has received an order from Sree Venkateswara Grameena Bank and Vallalar Grameena Bank — both subsidiaries of Indian Bank — for Data Migration ...
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INSIGHT
Life begins at fifty
From a modest beginning to a mammoth financial institution, LIC has come a long way.
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COURTS/LEGAL ISSUES
Notice mandatory before initiating prosecution for cheque bounce: HC
The object of Section 138(b) is to afford an opportunity to the person before proceeding against him under the penal enactment.
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FOREX
Rupee weakens marginally
The rupee weakened against the dollar, after closing flat for two days. The home currency opened weak at 46.54/55, in line with the yen against the dollar, touched an intra-day low of 46.55 and ended 46.53/54. On Wednesday, the ...
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INFORMATION TECHNOLOGY
BoR, SBI tie up for ATM sharing
Bank of Rajasthan (BoR) has tied up with State Bank of India (SBI) for ATM sharing. BoR customers can now access over 5,500 SBI ATMs. With Thursday's ATM-sharing arrangement with SBI, the customers of BoR will have access to ...
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DEBT MARKET
Bond prices rally on SLR statements
Bond prices rallied following statements made by the Finance Minister about oil bonds not being accorded SLR (Statutory Liquidity Ratio) status. The traded volume was high at Rs 7,125 crore on the order-matching system. Dealers said that there ...
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HUMAN RESOURCES
Aviva to transfer 5,000 BPO vendor staff to offshore unit
Move in accordance with a well laid out plan
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PUBLIC SECTOR BANKS
Kerala Govt to form core panel with banks to revive PSUs
Financial support for potentially viable units
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NON-PERFORMING ASSETS
What RBI statistics say about NPAs
A fast-growing economy, favourable interest rate climate and improvement in asset prices are among the factors cited for the turnaround of the banking sector with regard to NPAs.
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Banks reject SPIC proposals for debt revamp
Seek `improved offer'
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CREDIT MARKET
SBI loan disbursal
State Bank of India (SBI) has distributed loans to the tune of Rs 4 crore to 400 beneficiaries at the inaugural of the day Bharat Nirman Public Information Campaign at Nalgonda on Tuesday. Mr K. Raghunandhan Rao, Assistant ...
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SHORT TERM INSTRUMENTS
Call rates steady
Call rates ended at 6-6.1 per cent, unchanged from the previous close. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 23 bids amounting to Rs 24,985 crore and in the second ...
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FIXED DEPOSITS
UBI to bundle insurance with tax-saving deposit scheme
United Bank of India (UBI) has sought to bundle insurance with its tax-saving term deposit scheme. The bank's new initiative to mobilise deposits comes with free accident insurance for depositors who intend to make use of Section 80C of the ...
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Dena Bank hikes term deposit rates
Dena Bank has increased interest rates on domestic term deposits by 25-50 basis points across various maturities, with immediate effect, said a press release from the bank. The revised rate on Rs 15-lakh deposits with maturity ...
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